WPI Index Witnessed a Rise in June

The Wholesale Price Index (WPI) inflation for the month of June 2018 rose to 5.77% compared to 4.43% in May 2018 and 3.62% in April 2018. The latest month WPI is also higher compared to just 0.90% in the month of June in previous year. With this, WPI has risen to a 15-month high, as the last time it recorded such trend was witnessed in March 2017. The current month high can be attributed to cost of food, manufactured products, and fuel.

According to CSO data, annual rate of inflation, based on monthly WPI, stood at 5.77% (provisional) for the month of June, 2018 (over June, 2017) as compared to 4.43% (provisional) for the previous month and 0.90% during the corresponding month of the previous year.

Build up inflation rate in the financial year so far was 2.49% compared to a build up rate of -0.44% in the corresponding period of the previous year.

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